INDEPENDENT NEWS

Telecom Deal Outrageous - NZ First

Published: Wed 23 Apr 2008 11:50 AM
Media Release
23 April 2008
Telecom Deal Outrageous - NZ First
New Zealand First has questioned National’s plan to give $1.5 billion of taxpayers’ money to Telecom to improve broadband services and says the money could be used as a deposit to buy the company back for New Zealand ownership.
Economic Development spokesperson Doug Woolerton today described National’s announcement of a public/private partnership with Telecom as “outrageous” and that all New Zealanders should be up in arms about it.
“Telecom has enjoyed a monopoly position, looting and pillaging New Zealanders since the old Post Office system was flogged off for a song during the economic madness of the 1980s,” said Mr Woolerton.
“The company has been quick to take billions of dollars in profits but very slow to invest in communications infrastructure. That’s why the New Zealand broadband systems are behind the rest of the world, why cell phone calls are so dear and why home telephones are expensive.
“It is important to recall that the former chief executive of Telecom is on record as saying their policy was to confuse customers and it appears that the company has now managed to confuse National’s leader John Key.
“Mr Key has acknowledged that telecommunications has been a market failure in New Zealand so perhaps it is time for New Zealand to take back the industry, like it has with Air New Zealand and will do with the railways system.
“If Mr Key has done a deal with Telecom he should come out into the open and explain what is going on. Taxpayers need to know exactly why they should pour $1.5 billion into the most rapacious company New Zealand has ever known,” said Mr Woolerton.
ENDS

Next in New Zealand politics

Gordon Campbell on the Commerce Commission fuel report
By: Gordon Campbell
Bill to allow licensed premises to stay open for RWC matches
By: New Zealand Government
KiwiBuild programme losing another top boss
By: RNZ
Helping our cities grow up and out
By: New Zealand Government
Ngāpuhi elder 'shocked' by conditions at Ngawha Prison
By: RNZ
Independent election policy costing unit a step closer
By: New Zealand Government
Primary and intermediate principals vote to accept new offer
By: NZEI
Breach of 'journalistic privilege' during unlawful search
By: Independent Police Conduct Authority
BSA releases decisions on coverage of mosque attacks
By: Broadcasting Standards Authority
UPDATE: Lack of fuel competition may be costing $400m
By: BusinessDesk
Breaking wholesale stranglehold on petrol supply
By: BusinessDesk
Commission releases draft report on retail fuel market
By: Commerce Commission
CommComm report will lead to more regulation, but same price
By: ACT New Zealand
MTA pumped with fuel market study findings
By: Motor Trade Association
Oil reserves budget blow out reason for quiet levy increase
By: NZ Energy and Environment Business Week
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media